New Construction Shortage in U.S. Will to Persist Until 2022

Zillow | September 11, 2019

New Construction Shortage in U.S. Will to Persist Until 2022
According to Zillow polling results from U.S. economists and real estate experts, while home values have recovered since the Great Recession and, in many cases, surpassed their pre-recession peaks, single-family home construction activity has continued to languish. The rate of new housing starts will likely remain below historic averages until 2022 or later. The for-sale market has experienced persistently low inventory over the past few years. A continued low rate of new construction would likely keep demand high for the relatively limited single-family homes that are available and keep many in the rental market for longer, putting price pressure on both the for-sale and rental housing markets.

Spotlight

REBGV President Jill Oudil highlights the four key indicators of the June housing market and looks at the two distinct markets that have emerged this summer.

Spotlight

REBGV President Jill Oudil highlights the four key indicators of the June housing market and looks at the two distinct markets that have emerged this summer.

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